MAKE YOUR DREAM A REALITY
YOU CAN BUY THE HOME YOU'VE BEEN LOOKING FOR
AT ASHLIN QUARTER WITH ONLY A 5% Deposit
Whether you are new to the property market or want to move into a larger home as your family expands, the Help To Buy Scheme – which is a government backed initiative – will ensure that your dream becomes a reality.
Help To Buy is available to both first time buyers and existing homeowners alike. This means that you can buy a home at Ashlin Quarter with just a minimum 5% deposit. If you are a first time buyer, you will find it easier to save just 5% in order to get onto the property ladder. Existing homeowners who would like to trade up to a larger property, can do so by using Help To Buy even if they have limited equity in their current home – as they only need to raise a minimum 5% deposit to move!
Help To Buy: Equity Loan
This initiative is available on new build properties in England up to the value of £600,000. Once you have secured your 5% deposit for your new home at Ashlin Quarter, the Government will provide an equity loan of 20% of the value of your property. A mortgage of only 75% of the value of your new home will need to be obtained by you. The loan can be repaid at any time during the loan term or on the sale of your home with minimum payments of 10%. There is no interest on the loan amount for the first 5 years but in the 6th year, you will be charged a fee of 1.75% of the loan’s value. This will then rise annually at + 1% RPI. With a 75% mortgage, your repayments could be more affordable if you buy a home with the Help To Buy scheme.
Note: To qualify for Help To Buy, the home purchased must be your only residence and you cannot use Help To Buy for a buy-to-let property.
Whether you are a first time buyer struggling to save for a large deposit, or an existing home owner who has limited equity in their current home, the Help To Buy scheme will ensure that you can buy your ideal home at Ashlin Quarter, without having to compromise on your finances.
